VAT Rates in Europe

Tax Policy – VAT Rates in Europe More than 140 countries worldwide – including all European countries – levy a Value-Added Tax (VAT) on purchases for consumption. As today’s tax map shows, although harmonized to some extent by the European Union (EU),...

State Corporate Income Tax Rates and Brackets for 2019

Tax Policy – State Corporate Income Tax Rates and Brackets for 2019 Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey,...

Who Shoulders the Burden of Federal Income Taxes?

Tax Policy – Who Shoulders the Burden of Federal Income Taxes? As we think about tax policy proposals designed to target specific or narrow groups of individuals, it’s important to understand who shoulders the burden of income taxes under the current...